What do you do Red? Just realised...there should be a thread...what the **** do we all do and what we want to do Except RHC He's gone from some sciencey thing to porn...he doesn't know it yet but he is soon to be on pornhub
Go with your heart garlic. If you are bored and as you said midlife crisis maybe it will get you out of your funk. I would say though if you are happy then stay where you are. I guess it also depends on your financial situation, lets just say worse case scenario you really hate your new job, can you take time off or do you have to be working? One thing, if you move companies presumably you'll have to work hard (for a while) so no more 606ing for you
I will still be home based so 606 is not a problem. I do know a few of the lads I will be working with as it is a small market so everyone tends to know each other. I am not one for finding a job and using it as a lever against my employers so if I do decide to go that will be it. The pension position with my current employer is crap and the way the bonus works if they match the increase in salary it will just reduce my bonus by a similar amount. I have nothing against my current employers, but I do feel I am in a rut so a change might be as good as a rest. The pension side of things is the main attraction as I can pile money into it as well as the new employer paying in 8% for me, current deal my pension is frozen on my salary from about 10 years ago. The salary rise will also help, about 15k
Ok.... 8% in is huge. 15 more is sweet. Imo you want to maximise that pension over next 2/3 years and watch for risk cos Brexit is a killer. You will be heading towards very low risk settings on a defined contribution pension before too long no? 7/8 years from the happy day? The thing is if you can pump in those extra voluntary contributions from the increased salary it is very tax efficient isn't it? I have a defined benefit one from an old job that will pay 3k or something from 5 years contributions at a low salary and my main defined contribution one paying faff all despite having 100k or so in it. Ive many years of contributing to go frankly. Sounds to me anyway there is not much reason not to if you have a pro/con list and 80% sounds pro.
Like isn't really the right word, who likes work? I'm happy and it works for me. I wouldn't get the same flexibility anywhere else either; I can take a day off with five minutes notice, no eyebrows are raised if you're late, we can choose to do different projects of we wish, etc
Unless there is a definite strong reason not to i'd take the offer purely for the pension uplift .That alone is worth a fortune over time particularly as the SRP will keep being "amended" in both amounts and age qualifications and not in our favour.
Pretty much decided to take the new job, subject to a few clarifications re the bonus system. It will be a bit weird starting with a new company after 33 years with the one I am with now, but the pension side of it will make it worthwhile
Not bothered what car they give me as it is better than buying one myself and having the depreciation and running costs. Tax bill is about an extra £120/130 a month, you can't buy, insure and run a £30k car for that amount!
£120 a month in tax sounds hopefully mate. Average BIK on a decent car is around £7k, and it's obviously added to your salary as far as HMRC are concerned so at 40% tax rate plus NI it'd be costing you over £3500 a year
Anyone seen these two muppets trying to pull an insurance scam The guy on the corner comes over to film the "aftermath" pretending to be an independent witness, the driver then tells them she has a dashcam. They are that stupid they can't even run away in the same direction !
Check into best way to transfer pension or if you are in job 33 years actually I wonder are you on a defined benefit pension. If you are on contributory one find out if you can get transfer done without a fee or if its best to park the thing. Who knows. If you are on defined benefit don't move it to contribution. I'm sure you know the score but if you've not moved it ever you might need advice there
Currently on defined pension so intend parking it, as I said before the current pension is based on my salary 10 years ago so I will pile money into the pension with the new job that way the employer pays 8% in as well.
Ah right you said that yes so if it's locked it's gold. Absolutely park it and pile in the new one. Not sure where you will get with that but it's all good.
The new one employer pays in 8% if I pay in 6% so total of 14% before I add to it. Must be better than just sticking money in an ISA
